VICI Properties Inc. $VICI Shares Purchased by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. increased its position in shares of VICI Properties Inc. (NYSE:VICI) by 482.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 140,436 shares of the company’s stock after buying an additional 116,325 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in VICI Properties were worth $4,580,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VICI. State of Wyoming purchased a new position in shares of VICI Properties during the second quarter worth approximately $26,000. Parvin Asset Management LLC purchased a new stake in VICI Properties in the 2nd quarter valued at $27,000. Hantz Financial Services Inc. boosted its stake in VICI Properties by 489.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after purchasing an additional 724 shares during the period. Headlands Technologies LLC acquired a new stake in VICI Properties during the 2nd quarter worth $28,000. Finally, Godsey & Gibb Inc. purchased a new position in VICI Properties during the 3rd quarter worth $29,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Down 0.3%

NYSE VICI opened at $27.81 on Wednesday. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $29.72 billion, a P/E ratio of 10.61, a P/E/G ratio of 2.77 and a beta of 0.70. VICI Properties Inc. has a 52-week low of $27.48 and a 52-week high of $34.03. The firm has a 50-day moving average price of $28.62 and a 200 day moving average price of $31.12.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the company earned $0.57 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a yield of 6.5%. VICI Properties’s dividend payout ratio (DPR) is 68.70%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Stifel Nicolaus dropped their price objective on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Mizuho lowered their price target on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Evercore ISI restated an “in-line” rating and issued a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Cantor Fitzgerald set a $33.00 price objective on VICI Properties in a research report on Monday, January 5th. Finally, Barclays lowered their target price on VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 3rd. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.31.

VICI Properties Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.